Skip to main content


This information on this site is intended as a general reference for Internet users. It is made available on the understanding that the Commonwealth, as a result of providing this information, is not engaged in providing professional advice.

While the AOFM will make every reasonable effort to maintain current and accurate information on this site, users should be aware that the Commonwealth accepts no responsibility for the currency, accuracy, completeness, availability or suitability of any material contained on this site and recommends that users exercise their own skill and care with respect to its use. As a user of this site, you accept the sole responsibility and risk associated with any use of the content of this site, irrespective of the purpose to which such content is applied.

The material on this site may include views or recommendations of third parties, which do not necessarily reflect the views of the Commonwealth, or indicate its commitment to a particular course of action. No representation or warranty is made by the Commonwealth regarding the content of any such pages or sites.

Links to other third party websites are inserted for convenience only and do not constitute any endorsement of material at those sites, or any associated organisation, product or service.

The listing of a person or organisation in any part of this website in no way implies any form of endorsement by the Commonwealth of the products or services provided by that person or organisation.

This website may contain investment reports, opinions, conclusions, estimates, recommendations and other information. Such information comprises general financial and economic information only and has not been prepared taking into account a person’s or an entity’s specific requirements. You should not act or fail to act on the basis of any information on this website. Users of this website should obtain independent financial advice before making any investment decision based on the information contained on this website. Use of or reliance on the information on this website is at your own risk. The Commonwealth is not responsible for direct, indirect or consequential loss incurred as a result of reliance on that information.

Legal notice (terms of use)

The material presented in this website (the Content), including the information on the following pages in relation to Australian Government Securities is distributed by the Australian Office of Financial Management (AOFM) as an information source only. The Content should not be construed as an offer, recommendation, invitation, or inducement, to subscribe for or purchase any security. The Content does not constitute and is not intended to be financial or other advice and is not to be relied upon as the basis for any investment or other decision. Investors should seek their own professional advice tailored to their own particular financial circumstances in relation to any investment they may consider making.  Please see full details of the AOFM’s disclaimer (see above).

The Content must not be accessed by you in circumstances where access to it could constitute an offer or inducement that would result in a contravention of any laws, rules, directives, regulations or any other restrictions in your local jurisdiction.

United Kingdom: The Content is intended only for: (i) persons who are outside the United Kingdom; (ii) ‘investment professionals’ as defined in Article 19(5) of the Financial Services and Markets 2000 (Financial Promotion) Order 2005 (the FPO); or (iii) persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations etc) of the FPO. All such persons together being referred to as ‘Relevant Persons’. Furthermore, the Content is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

United States: The Content may not be accessed by persons who are residents of, or located in the United States. The securities, borrowing programs and facilities described in the Content have not been and will not be registered under the United States Securities Act of 1933, as amended (Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold or resold within the United States or to, for the account or benefit of, ‘US Persons’ (as defined in Regulation S under the Securities Act) unless in accordance with an effective registration statement or an exemption from registration under the Securities Act.

European Economic Area: The Content is not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the EEA). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended (the MiFID II); (ii) a customer within the meaning of Directive 2002/92/EC, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC, as amended.

Japan: The Content is intended only for (i) persons resident or located outside Japan and (ii) persons resident or located in Japan that are ‘qualified institutional investors’ (tekikaku-kikan-toshika) (QII) as defined in Article 2 Paragraph 3 Item 1 of the Financial Instruments and Exchange Act of Japan (Act No.25 of 1948, as amended) (the FIEA) and may not be accessed by or provided to persons resident or located in Japan who are not QIIs. The Content has not been and will not be registered under the FIEA, and the Content is not intended to be offered or sold directly or indirectly in Japan or to, or for the benefit of, any resident of Japan (as defined under Item 5, Paragraph 1, Article 6 of the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949, as amended)) or to others for re-offering or resale, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the FIEA and any other applicable laws, directives and ministerial guidelines in Japan.

In summary, to access the Content, you acknowledge:

  • you have read the above legal notice and understand and agree with its content, and agree that you will not undertake any act or omission that would constitute a breach of the terms of the legal notice;
  • you are not a resident of the United States or located in the United States, nor are you a “U.S. person” (as that term is defined in Regulation S under the United States Securities Act of 1933, as amended) and are not accessing this website from within the United States;
  • if you are located in the United Kingdom, that you are a ‘Relevant Person’, as defined above;
  • if you are located in a European Economic Area member state other than the United Kingdom, that you are a not a ‘retail investor’ in the European Economic Area, as defined above;
  • you are either a (i) a ‘QII’; or (ii) not a resident of Japan or located in Japan; and
  • you are entitled to access the Content without breaching any applicable laws, rules, directives, regulations or any other restrictions in your local jurisdiction or any other applicable jurisdiction.